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Posts Tagged ‘debt’

Americans are too poor to survive whether or not they’re working

A new study from the United Way claims that 43% of American households are in a status called "asset limited, income constrained, employed" (ALICE), which denotes employed people who can't afford housing, food, childcare, healthcare, transportation, and a cellphone -- the basics of modern living.

Umair Haque (previously) connects this to the idea of ...

Which type of funding is actually best for your business?

When starting a tech company, there seems to be a playbook that most entrepreneurs follow. While some may start with a bit of bootstrapping, most will dive straight into raising seed money through... ...

Pillar launches with $5.5M from Kleiner Perkins and others to tackle your student loan debt

A new startup aims to help you get your student loans under control. Today, an app called Pillar, backed by $5.5 million in seed funding led by Kleiner Perkins, is launching a simpler way for consumers to better understand their student loan debt — and even pay it off early. To do so, the app ...

Profiles of young Americans who entered voluntary exile rather than paying their student loans

CNBC profiles a small handful of young Americans who have moved abroad and ceased payments on their student debt, relying on international borders to protect them from their edu-creditors.

It's not clear how many young Americans have gone this route. That said, the story is fascinating, since -- as an expert in the story says -- ...

That billionaire who paid off a graduating class’s student loans also supports the hedge-fundie’s favorite tax loophole

Billionaire Goldman Sachs alum Robert F Smith made headlines when he donated enough cash to pay off the student loan debt of the entire Class of 2019 at Morehouse College; but Smith is also an ardent supporter of the carried interest tax loophole, which allows the richest people in America to pay little to ...

A former college admissions dean explains the mundane reverse affirmative action that lets the rich send their kids to the front of the line

Thanks to the college admissions scandal the issue of inequality and access to postsecondary education is now in our national conversation, but despite the glitz of the bribery scandal, the real issue is a much more mundane form of reverse affirmative action that allows wealthy Americans to dominate college admissions, muscling out better candidates ...

Sanders and AOC team up for an anti-loansharking bill that will replace payday lenders with post-office banking

Yesterday, Senator Bernie Sanders and Rep Alexandria Ocasio-Cortez jointly introduced The Loan Shark Prevention Act, which will cap credit card interest rates at 15% (and closes the loopholes that lets credit card issuers exceed their stated APRs with the use of hidden fees) and which re-establishes American post-office banking.

Critics of the bill say that ...

Elizabeth Warren’s latest proposal: cancel student debt, make college free

Elizabeth Warren has proposed a $1.25 trillion plan to forgive student debts and make all public college and university undergraduate education free, as well as earmarking $50B for historically Black colleges, and expanding federal grants to help pay for all students' non-tuition expenses.

The plan will be funded through Warren's proposed annual wealth tax on ...

Dentistry’s evidentiary vacuum allows profiteering butchers to raid our mouths for millions

Dentistry has always been medicine's poor cousin, lower in prestige and funding, with much less definitive research; this means that it's harder for someone to point at a procedure and definitively say, "That was unnecessary."

At the same time, better oral hygiene and fluoridation has increased our overall dental health; and as that was happening, dental ...

The two hidden intellectual moves behind the “progressive” argument against free college

Pete Buttigieg is one of the prominent members of the progressive wing of the Democratic party who opposes free college tuition, on the ground that the "benefits" of college accrue to those who attain a degree and that it's unfair to ask the majority, who don't attend college, to subsidize the minority who do. ...